…ntal housing market in response to the maturing market and policy support. Warburg Pincus has backed both Nova Properties, a rental developer which has significant investment from Singapore’s GIC, and Mofang, a leasing platform that focuses on management. Canada’s CPPIB has gone directly into the sector through a $817 million partnership with developer Longfor Group and Hong Kong’s Gaw Capital Partners last year teamed with Shanghai-based Harbour…
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CapitaLand Announces $556M First Close of China Debt Fund
…p in cash flow. Also in pursuit of China real estate debt opportunities is Warburg Pincus, which in December said it would establish a $5 billion special situations fund. More quietly, Blackstone, and Goldman Sachs, in conjunction with a number of other foreign investors, have picked up 20 distressed mainland debt portfolios over the last year and half worth a cumulative $1.5 billion, according to PWC. Michael Cole provided additional research for…
Ant Financial, Tiger Global Lead $500M Funding Round for Beijing’s Danke Apartment
…ay into China’s rental housing market by establishing a joint venture with Warburg Pincus-backed rental housing startup Nova. The new entity aims to invest up to RMB 4.3 billion ($675 million) in acquiring, renovating and operating rental apartment projects in core locations in China’s first tier cities. A Few Hiccups on the Way to Co-Living Utopia But, China’s rental housing sector has also provided a number of controversies in the past year. In…
Exclusive – Kailong Reaches $500M Close of Greater China Real Estate Fund II
…ts latest US dollar value add fund, according to a senior executive of the Warburg Pincus-backed firm. The company, which had originally been targetting $400 million in equity for the fund, has now boosted its fund-raising goal to $550 million, according to Don Tan, executive director for fund management at Kailong. Having already invested in three projects in the region – one each in Hong Kong, Shanghai and Guangzhou – the 15-year-old firm expect…
ESR Acquires Tokyo Bay Site for $1B Shed Project in Run-Up to IPO
…Japan’s Tokyo Bay for development of a $1 billion warehouse facility. The Warburg Pincus-backed developer specified that the $1 billion represents the amount that it expects to invest building the first phase of the ESR Yokohama Distribution centre, which it contends will be one of the largest master-planned logistics parks in Japan when completed. The announcement of the Japanese mega-project comes less than one month after the Pan-Asian warehou…
ARA Launches $451M Singapore IPO of US Hotel REIT
…ce of a portfolio of 38 Hyatt-managed hotels in the US. The listing by the Warburg Pincus-backed real estate fund manager comes just five months after the company had purchased the set of properties for a reported $590 million in a deal announced at the beginning of December last year. The offering for ARA’s hotel collection, which has been appraised at a value of $719.5 million, has already attracted cornerstone investments from a Singapore-based…
Allianz Commits $600M to GLP China and Japan Funds
…nture with Asian warehouse development specialist ESR. The India deal with Warburg Pincus-backed ESR followed soon after Allianz acquired a 50 percent stake in a Gaw Capital invested logistics joint venture in China that brought the insurer’s total property investments in mainland China during 2018 to more than €1 billion. The group made its first foray into Japan’s logistics sector in 2017 with an when it invested $100 million in an ESR fund targ…
Arch Capital-Backed Co-Living Operator Opens 2nd Location in Hong Kong
…-driven sharing economy and the city’s famously challenging housing costs. Warburg Pincus-backed Weave Co-living completed the acquisition of its second property in Hong Kong in March this year, while asset manager developer District15, together with private equity property firm Pamfleet, in November launched the Nate studio apartments in Tsim Sha Tsui in a property acquired two years earlier for $77 million. Oootopia is also going up against Sing…
ARA Teams Up with CICC Capital to Buy Chengdu Mall From Tishman Speyer Fund
…the Sichuan provincial capital’s Chunxi Road- Yanshkou commercial hub, the Warburg Pincus-backed property investment specialist has set up its first ever renminbi denominated fund. ARA Qihang Equity Investment fund raised RMB 400 million ($58 million) to co-invest with a matching RMB 400 million vehicle managed by CICC Capital, the private equity arm of China’s largest investment bank, according to a stock market announcement by Singapore’s Metro…
Lenders to Sell Warehouse Unit of HNA’s CWT Intl and More Asia Real Estate Headlines
…rial Park in India City-based realty player Lodha Group has partnered with Warburg Pincus-backed logistics developer e-Shang Redwood (ESR) to develop an industrial park in Thane district at a cost of $100 million. The 50:50 joint venture between the two companies will develop 89 acres of land parcel in an industrial park in phased manner, which will house 17 institutional-grade speculative and non-speculative buildings. Read more>> Vanke Property…
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